Which of the Following Is Not a Temporary Account

question 14

Multiple Choice

Which of the following is not a temporary account?

• A) Cash at bank
• B) Interest revenue
• C) Drawings
• D) Rent expense

---

Definitions:

Resell Products

The act of selling again or selling something that one has bought, to another consumer or market.

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in its price.

Price-Discriminating

A pricing strategy where a company charges different prices for the same product or service to different market segments based on willingness to pay.

Elastic Demand

Refers to a market situation where the quantity demanded of a product is highly responsive to changes in its price.